Significant demand sees 70 percent of the 151 newly available apartments leased just two months after opening, 100 percent of the existing 30,000 square feet of retail fully leased
Bloomington, MN – Just three years after Kelly Doran first welcomed residents to the Reserve at Arbor Lakes luxury gated apartment community in Maple Grove and some of his adjacent retail spaces at the Village at Arbor Lakes opened their doors, Doran Properties Group announced today it successfully opened the community’s third residential building, with nearly 70 percent of the new 151 apartments leased just two months after opening. Additionally, the company is nearly finished constructing 5,200 square feet of additional retail space on an adjacent site as the original 30,000 square feet it built and manages as part of the “Village at Arbor Lakes” is fully leased.
“We remain bullish on Maple Grove and this 40-acre development we broke ground on just four years ago,” said Kelly Doran, founder of Doran Properties Group. “I’m excited that after hundreds of millions of dollars in investment here, we are already breaking ground on our fourth residential building for the Reserve at Arbor Lakes, we are building out an additional retail building as the 30,000 square feet we developed, own and manage is at capacity – not to mention the more than 135,000 square feet of new developments on the site that include a Wahlburgers, Wings Financial Credit Union, Sleep Number and a Resident Inn/Spring Hill Suites hotel.”